diana olick covers the housing industry for cnbc and she joins us live now from washington. so obviously, diana, people are wondering when this housing market will fully recover and that may not be anytime soon, but you have a lot of people asking the bigger question, can i stay in my home? can i save money with refinancing? >> reporter: well, and the question tamron isn't why but why not. even if you have done it before, you could stand to save even more money doing it again because take a look at the 30-year fixed and where it's gone. it's down below 4.5% and just about a quarter point off the 50-year lows set last summer. now, it's numbers like these that have pushed andrew and peggy sharon of mclean, virginia, to refinance their home four times in four years cutting their interest rate nearly in half. >> we've lined in this house for 16 years. we refinanced here the first time to renovate it, and we have refinanced several times afterwards because the numbers made sense. >> reporter: now, since they pulled cash out once, they still have equity this their home and after a